Re: Credit Score

Sometimes it doesn't drop at all! If it drops, it's probably around 10 points max for most people, and then it will probably be back where you started after 2 or 3 months (reporting cycles), and start improving beyond that. Unless you got 7 new accounts pretty much all at once like I did.

This can vary according to your overall credit profile. If you have a long and stable history with high scores, you might well get hit harder. If you barely have any credit at all, there might be no change or an immediate rise.

Re: Credit Score

i recieved noticed my score rose 14 pts after a balance was reported. then dropped -22 pts in a matter of few days. why would something like this happen if now new negative or derogatory info was added.

Re: Credit Score

I don't know what you're asking. If you're asking how much your score will drop, it is completely variable according to your current scores, how many accounts you have, and what your reports look like. Some people with very high scores might lose 20 points. Others just starting out don't lose a single point, and they gain points immediately.

Re: Credit Score

That's what happened with me, too! Not a peep from EQ and TU, but a short spanking from EX, complete with a negative comment about high util on installment. It was gone the next month, once the first payment had posted. Not that my EX report became clean; it just went back to its usual whining.

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